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Sale nears completion for St. Louis Union Station

Thursday, June 21, 2012 | 10:06 a.m. CDT; updated 1:31 p.m. CDT, Thursday, June 21, 2012

ST. LOUIS — St. Louis Union Station could soon get a transformation.

The one-time railroad terminal turned into a retail center has been struggling for many years. The St. Louis Post-Dispatch reports that after a bidding process, a sale is nearing completion. Details of redevelopment plans have not been released.

The newspaper says two suburban St. Louis companies, Lodging Hospitality Management and THF Realty, are working to buy Union Station and redevelop the site in a $50 million renovation that includes some public financing. THF is owned by Stan Kroenke, owner of the St. Louis Rams.

The sale is under contract. Final details are being worked out.

St. Louis Development Corp. is considering a $5 million allocation of federal New Markets Tax Credits to help the project.


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Comments

Richard Saunders June 21, 2012 | 12:01 p.m.

Stan Kroenke, welfare queen.

(Report Comment)
mike mentor June 21, 2012 | 2:26 p.m.

If we had a manufacturer with a big bank account willing to come to Columbia and employ hundreds of people at $20 an hour based on the one condition that I bribe them with $100 of my own money, I would do it. Don't even have to think about it.

If I had someone with a fresh hair color job, a smart phone, and new clothes standing next to their toddler in just a dirty diaper ask me for $100, I wouldn't give them $1. Don't even have to think about it.

Just sayin'

(Report Comment)

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